The Daily Banner, Greencastle, Putnam County, 15 July 1939 — Page 3

THE DAILY BANNER, OREENCASTLE, INDIANA, SATURDAY. JULY 15.1939.

HOME [IIMES FIRST Build ♦ Repair ♦ Remodel ♦ NOW!

a . P. Hul'Iios Home Sets On Hilltop ^ IN VE»Y FINE SETTING ON

OVERLOOKING

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'• t On road 43. one mile south of U. '''art 40, Judge J. P. Hughes’ seven Set Cape Cod home is rapidly earing completion. Setting on top of a hill, overlook- -• ag Cloverdal' the house, on the ight hand side of the road going outh, ia on one of the prettiest loations for a home that we have een for sonfn time. The first’.story is brick veneer vith the aOcond story of weather oards. Attached to the ITouse is a — wo car garage with overhead doors. The first floor is finished in block >ak flooring and the trim, which is ill Curtiaa ailllwork, will be colonial. Phere is also i beautiful Colonial fairway. One of tho main features of the. louse is its many closets. The house will be heated with a Majestic fore I air oil heating unit he same as has been installed at the Vfoltmer hom< The C and B Tin 3hop is doing the work. The grotguls will be beautifully landscaped. * The full width of tho rrchard, a white horizontal line fence n Colonial ityle will be placed along the highway. Along the quarry line on the north ?nd of the property there will be a rock garden. There will also be a curving driveway leading up to the nouse. The house is to be completed by the first of September. PerryLeucus arc thi contractors.

Stake Off Home For Boston, Pease On Thursday there was staked off on Anderson street, facing the Second Ward scho >1 building, a house for Fred Pease and yesterday, Friday, one was staked off on Hillsdale Avenue for Paul Boston. Building in Greencastle in far from dead when there are two new houses laid out in one week. To augment this there will be finished next week, here in Putnam county the homes of Prof Harry W. Voltmer, Prof. Harold Zink. Mr. Eugene L. Allan, all in Northwood; the home of Charles S. Baker on Berry street; the home being built by Dr. W. R. Hutcheson for his nephew on the Manhattan Road; and the home of Rudolph Volderauer three miles northeast of here. Many of the above houses have been planned and financed by loval lumbermen and are being built through the FHA. Joe Morris the airhitect for the two homes that were staked out this past week said, "The home of Paul Bcston, Superintendent of School*, will be a full two story Colonial heme.” In the description it was described as having brick veneer fini ish on the lower half and white Colonial siding on the top half. The roof will be asbestos. The house will have a basement garage. On the first floor there will be a large living room, den, dining room and kitchen. On the second floor there will be three bedrooms and a bath. The home of Fred Pease will be a one story structure and will have five rooms and a bath. In the basement there will be a recreation room. It will be completely modern throughout. The Allan Lumber Company will supply material for both jobs.

Home of Unusual Design

SAYERS nrstniANCE agency SCHOOL BI S DRIVER’S BOND & INSURANCE at lowest rates written In our office without delay. ‘ ' SAYER S Phone 96 R

AUTOMATIC COAL BCKNEKS Architects say that among the questions asked by prospective honm builders is this one: "If I use coal as a fuel does it mean that I will have to take care of the furnace?” The answer, of course, is a decided "no.’’ Automatic coal burners or stokers are fast gaining in popularity because with them the great economy of bituminous coal can be utilized.

There is little thot is conventional about this attractive heme, but its most refreshing note is its unusual approach. The stairs lead to an entrance hall, which opens into the large living room. Besides the screen-ed-in porch, the house contains three ample-sized bedrooms, dining room, breakfast nook, kitchen, and bath. Taking advantage of the natural slope, garage is located beneath the porch. The Federal Housing Administration injured a mortgage of $5,700 on this home after officials had assigned it a value of $7,125.

EASY TO BUILD Tall narrow closets designed as storage space for brooms, mops and

vacuum cleaners are becoming increasingly common in modem homes, but the valuable service they offer

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Costs Go Up Next Year And You Build NOW . YOU’RE THE WINNER!

n'T— THE BAYFIELD — <i ROOMS AND BATH

At Today’s Low Costs You Can Build

THIS MODERN HOME

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ON PAYMENTS OFFHA

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need not be denied to the housewife whose home was built a decade or more ago.

LONG-TERM HOUSING LOANS MADE POSSIBLE BY CAREFUL APPRAISALS

MARRIAGES EFFECT HOUSING

Recent government studies indicate that in 80 per cent of marriages an immediate demand is created for i a house or apartment. The remaining 20 per cent are persons who al- | ready have homes, such as widows, widowers and divorced persons.

HOME ( ARE VITAL

Floor-Plan of the Bayfield

For Better Livine:

foil don’t have to Kpond a fortune to bring In*!ter living your home. Many homes for which we have supplied (ib:ir and building materials have been remodeled for as fettle as $200. New siding—a new sun room or dinette— ru window placements can make all the difference in ke world. Consult us for suggestions on how to make rot K home more livable at reasonable cost.

Payments Include: PRINCIPAL INTEREST TAXES INSURANCE

WHY PAY RENT? Thai monthly rent you pay out is not only taking care of the other fcllow’s taxes, interest and insurance, hut it is also paying a profit on his investment. Building today and paying monthly means that you ar- still paying the taxes, interest and Insurance—but th i profit is going on your own Investment—not the other fellow's. Call on us at once for free architectural and planning service in order that you may get a new home built under today’s favorable conditions.

ALLAN LUMBER CO. inc.

501 North Indiana Street

Greencastle, Indiana

Phone 403

Often it is the extremely modest home, trim, well kept, ami radiating warmth and hospitality, that arouses the interrogation “Isn’t that a lovely home?” It does not take a pretentious mansion to call forth such ad-

Careful appraisal of risk factors with modern scientific methods has made long-term residential loans at reasonable interest rates more feasible, according to Federal Housing Administration officials. The obstacle which prevented the extension of long-term loans in the past was the feeling that the risk involved W'as objectionably great Under the FHA Insured Mortgage System ways were devised and are constantly being prefected to measure the probability of loss through default, subsequent foreclosure, and resale, contrasting with the methods used in the short-term high-interest-rate procedures of the past.

Recognizes Six Features The Federal Housing Administration recognizes six main features which enter into the measure of mortgage risk. Each is given a rating according to the extent to w'hich conditions regarding it contribute to the risk involved.First is the “ratio of loan to the value,” which in itself has constituted the time-honored method of determining risk. Second is the “ratio of debt service to rental value.” This weighs the question: “Will the property, if it should be rented, be able to sustain the mortgage without contribution from the owner?” This is an important factor in residential properties which are primarily investments. Third is the “ratio of the economic life of the building to the term of tho mortgage.” This enables selection of a time period for the mortgage which will result in total amortization before the building improvements become valueless. Fourth is the “rating of the borrower,” which enables weighing of the borrower’s ability and willingness to meet His obligations and patterning of the loan accordingly. This recognizes that the mortgage lender’s first line of defense against foreclosure or other trouble is a careful selection of borrowers, or, in other words, the avoidance of loan terms which are not properly related to the borrower's individual circumstances. Physical Security Rated • Fifth is the “rating of physical J security,” that is, the property itself, j Experts use a sensible approach in j determining the acceptability of the i physical property by rating its qual-1 ities from the standpoint of durabil- j ity, appearance, and functional excellence. Sixth is “rating of location.” In-! vestigation is made to decide wheth- j er or not the site will remain desirable over a long period of time and | to weigh this desirability as compared to other sites. The location is considered from the standpoint of the people who purchase there.

Office Build in" Nears Completion SKINTLE BRICKWORK, BAT WINDOWS AND SLATE ROOF

BLEND WELL

One of the most attractive office buildings in town will be the new strucure of he Lucas-Collins Coal C i. on Indiana Street, just south of Wal-

nut.

Set back twenty feet from the side walk it will be flanked on either sid'-> by lawn. The building itself is a one storey affair with two nine light bay windows. Following French Provincial architecture tho skint.le brickwork with overlapping joints and the slate roof make a very pleasing appearence. The cinder blocks in the back section will be decorated to blend in with the red brick of the front section. The trim and woodwork will be painted leather brown. At the present time it is estimate I that the building will be ready for occupancy near August 1.

HOUSEHOLD hints

To keep chamois leather gloves in fine shape add a dessert spoonful of glycerin to the washing water. When gilded mirrors, picture frames, or any other “gilded” articles get soiled and dusty add a little muriatic acid to a solution of lukewarm water and mild soap. Quickly follow this with a rinse and dry Immediately. Use discarded gloves inside of rubber work .gloves to prevent perspiring and tearing of rubber gloves from finger nails. For this purpose buy the rubber gloves a half size larger. Use moth balls plentifully in the garden to condition tho soil and the smell of the halls will discourage worms, rabbits, moles, etc. This will keep your garden in a healthy shape.

miration, for more often than not it is neatness and maintenance that gives the dwelling its appeal.

[sisjsiBraisjEjaasraj . ROOFING

OF ALL KINDS Why not get on ■ of lasting quality amt attractiveness. Phone or see us for estimates. We will gladly sdl you parts [', for an outdoor fireplace. Exn I ilent for steak or fish fries, pie nil's, welner or liatnluirger ! roasts.

C&B

Tin And Furnace Shop PHONE 17

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EXTRA BEDROOM

You won’t hesitate a minute to turn that useless attie into a room of pleasure and usefulness when you see how little it need cost. I>‘t us send an estimator to your lioine free of charg" and without obligation to lielp you plan the elimination of waste spare in your home.

PAINT LUMBER

Can Work Wonders

CLASS CEMENT

Until you’ve seen the great variety of improvements we ean make In your home with the right selection of lumber and till other quality building materials we handle you’ll never know what you’ve been missing in home comfort and added attractiveness. Don’t let another summer slip away without getting that remodeling job started. Let Us Help You Plan Needed Improvements In Your Home Now. Metzger Lumber Co.

117 W. Frajnklin St.

Phone 262